Registered Ownership

Registered ownership – also known as "direct" ownership – means that the beneficial owner of the security is "registered" on the books of the corporation. The registered stockholder is considered the "stockholder of record" and is known to the corporation as one of its stockholders.

Registered ownership may take the form either of physical certificates or of uncertificated ownership. Both types of registered stockholders will receive dividends, communications and financial documents directly from AT&T Inc.

Investors who have purchased AT&T Inc. stock through a broker and who wish to be a registered owner must specifically direct the broker to register the shares with the corporation.

Traditional Stock Certificates

A stock certificate is evidence of your ownership in AT&T Inc. It is a negotiable instrument and should be held in a safe place, such as a safe deposit box, because it is costly and inconvenient for you to replace.

You should not sign your certificate until you sell or transfer your shares.

When you mail in your certificate for a change of registration, always send it by registered or certified mail. You should consider insuring it for 1.5 percent of the market value with a minimum stated value of $20, which is the cost to replace the certificate if it is lost in the mail.

Mail certificates to Computershare at:

AT&T Inc.
c/o Computershare Trust Company, N.A.
P.O. Box 43078
Providence, RI 02940-3078

When you receive your certificate, check all of the information found on the front for accuracy. If you discover inaccuracies, contact Computershare at 1 800 351-7221.

Uncertificated Shares

The uncertificated form of registered ownership allows you to own shares without holding the actual stock certificates. Uncertificated shares are recorded on AT&T Inc.'s books and have the same rights and benefits as certificated shares, but without the risk of certificate theft, loss or misplacement.

AT&T Inc. sends a periodic account statement to uncertificated holders reflecting the number of shares they hold.

Transferring Shares to a New Owner

To transfer shares from your account to another person(s) or corporation, please follow these instructions:

1. Send in the outstanding shares you hold in certificated form. If you are unable to locate all of your certificates, please contact Computershare immediately at 1 800 351-7221 so that they may begin replacement procedures.
2. Complete a Transfer of Ownership form that can be found on the Computershare Web site at www.computershare.com/att. This document must be endorsed exactly as the shares are registered on the face of the certificate(s) or statement. The signature(s) must be Medallion-guaranteed by an institution such as a commercial bank, trust company, credit union or brokerage firm participating in a Medallion Program.
   1. Include the individual's name or name of the corporation, address and taxpayer identification number under which that cash and stock distributions will be reported. Please note that only one address and one taxpayer identification number can be applied to an account.
   2. Specify the number of certificated, investment plan or uncertificated shares that will be transferred.
   3. If you are transferring certificated shares and there are shares that are enrolled in the investment plan, please indicate whether you choose to have these shares also transferred to the new account.
3. Please indicate in a letter whether the new account should be enrolled in the investment plan.

Mail all of the completed documents, along with your stock certificates (if applicable), to:

AT&T Inc.
c/o Computershare Trust Company, N.A.
P.O. Box 43078
Providence, RI 02940-3078

For overnight deliveries, mail to:

AT&T Inc.
c/o Computershare Trust Company, N.A.
150 Royall St, Suite 101
Canton, MA 02021

When mailing stock certificates, we suggest that you send them by certified or registered mail and insure them for 1.5 percent of the current market value (minimum of $20), which is the approximate cost to replace the certificates if they are lost.

Current market value is the worth of shares of a given stock based on an average of the market prices reported on a specific trading day or days. Normally, this price is different from the purchase price.

Adding a Name to Your Account

To add a name to your account, please follow these instructions:

1. Send in the outstanding shares you hold in certificated form together with a completed Transfer of Ownership form. If you are unable to locate all of your certificates, please contact Computershare immediately at 1 800 351-7221 so that they may begin replacement procedures.
2. Complete a Transfer of Ownership form. Please include the type of joint ownership under which you would like the securities to be registered. This document must be endorsed exactly as the shares are registered on the face of the certificate(s) or statement. The signatures must be Medallion-guaranteed from an institution such as a commercial bank, trust company, credit union or brokerage firm participating in a Medallion Program.
   1. Specify how the account should be registered, the mailing address, and the taxpayer identification number under which that cash and stock distributions will be reported. Please note that only one address and taxpayer identification number can be applied to an account.
   2. Specify the number of certificated, investment plan or uncertificated shares that will be transferred to the new account.
   3. If there are shares that are enrolled in the investment plan, please indicate whether you choose to have these shares also transferred to the new account.
3. Indicate in a letter whether the new account should be enrolled in the investment plan, if appropriate.

Mail all of the completed documents, along with your stock certificates (if applicable), to:

AT&T Inc.
c/o Computershare Trust Company, N.A.
P.O. Box 43078 
Providence, RI 02940-3078

For overnight deliveries, mail to:

AT&T Inc.
c/o Computershare Trust Company, N.A.
150 Royall St, Suite 101
Canton, MA 02021

When mailing stock certificates, we suggest that you send them by certified or registered mail and insure them for 1.5 percent of the current market value (minimum of $20), which is the approximate cost to replace the certificates if they are lost.

Current market value is the worth of shares of a given stock based on an average of the market prices reported on a specific trading day or days. Normally, this price is different from the purchase price.

Making a Legal Name Change

To re-register your shares as a result of a legal name change, please follow these instructions:

1. Send in the outstanding shares you hold in certificated form together with a completed Transfer of Ownership form. If you are unable to locate all of your certificates, please contact Computershare immediately at 1 800 351-7221 so that they may begin replacement procedures.
2. Complete a Transfer of Ownership form. The signature(s) must be Medallion-guaranteed by an institution such as a commercial bank, trust company, credit union or brokerage firm participating in a Medallion Program.
   1. The person who is changing his/her name should sign the Transfer of Ownership form by the "old name" now known as "new name." Any other registered owner of the stock also needs to endorse the stock power.
   2. Include the name, address and taxpayer identification number for the new account.
   3. Specify the number of certificated, investment plan or uncertificated shares that will be transferred.
   4. If you are transferring certificated shares and there are shares that are enrolled in the investment plan, please indicate whether you choose to have these shares also transferred to the new account.
3. Please indicate in a letter whether the new account should be enrolled in the investment plan, if appropriate.

Mail all of the completed documents, along with your stock certificates (if applicable), to:

AT&T Inc.
c/o Computershare Trust Company, N.A.
P.O. Box 43078 
Providence, RI 02940-3078

For overnight deliveries, mail to:

AT&T Inc.
c/o Computershare Trust Company, N.A.
150 Royall St, Suite 101
Canton, MA 02021

When mailing stock certificates, we suggest that you send them by certified or registered mail and insure them for 1.5 percent of the current market value (minimum of $20), which is the approximate cost to replace the certificates if they are lost.

Current market value is the worth of shares of a given stock based on an average of the market prices reported on a specific trading day or days. Normally, this price is different from the purchase price.

Deceased Stockholder – Single Account

To re-register your shares as a result of the death of the stockholder, please send:

1. The outstanding shares you hold in certificated form. If you are unable to locate all of the certificates, please contact Computershare immediately at 1 800 351-7221 so that they may begin replacement procedures.
2. An Affidavit of Residence form for the deceased stockholder properly executed and notarized. This document will confirm the state of residence at the time of death for tax purposes.
3. The Transfer of Ownership form signed by the Estate Representative(s). The signature(s) must be Medallion-guaranteed by an institution such as a commercial bank, trust company, credit union or brokerage firm participating in a Medallion Program. Include the following information:
   1. The name, address and taxpayer identification number for the new owner(s).
   2. The number of certificated, investment plan or uncertificated shares that will be transferred to the new account.

If you are transferring certificated shares and there are shares that are enrolled in the investment plan, please indicate whether you choose to have these shares also transferred to the new account.

In addition, please indicate in a letter whether the new account should be enrolled in the investment plan, if appropriate.

An original Inheritance Tax Waiver (or Consent to Transfer) from the state where the deceased stockholder lived may also be required. Please refer to the State Inheritance Tax Waiver Requirements table for more specific information.

Mail all of the completed documents, along with your stock certificates (if applicable), to:

AT&T Inc.
c/o Computershare Trust Company, N.A.
P.O. Box 43078 
Providence, RI 02940-3078

For overnight deliveries, mail to:

AT&T Inc.
c/o Computershare Trust Company, N.A.
150 Royall St, Suite 101
Canton, MA 02021

When mailing stock certificates, we suggest that you send them by certified or registered mail and insure them for 1.5 percent of the current market value (minimum of $20), which is the approximate cost to replace the certificates if they are lost.

Current market value is the worth of shares of a given stock based on an average of the market prices reported on a specific trading day or days. Normally, this price is different from the purchase price.

Deceased Stockholder – Joint Tenant Account

To remove a name from a joint tenant account as a result of the death of one of the stockholders, please send:

1. The outstanding shares you hold in certificated form. If you are unable to locate all of your certificates, please contact Computershare immediately at 1 800 351-7221 so that they may begin replacement procedures.
2. A certified copy of the death certificate. A certified copy usually has a raised seal or an official stamp.
3. The name, address and taxpayer identification number for the new owner or surviving joint tenant.
4. The number of certificated, investment plan or uncertificated shares that will be transferred.

If you are transferring certificated shares and there are shares that are enrolled in the investment plan, please indicate whether you choose to have these shares also transferred to the new account. Please indicate in a letter whether the new account should be enrolled in the investment plan, if appropriate.

If you choose to add a name or transfer the shares to anyone other than the surviving joint owner(s), please have the surviving stockholder complete a Transfer of Ownership form. This document must be signed by the surviving tenant(s) exactly as the name appears on the face of the certificate(s) or statement. The signature(s) must be Medallion-guaranteed by an institution such as a commercial bank, trust company, credit union or brokerage firm participating in a Medallion Program.

An original Inheritance Tax Waiver (or Consent to Transfer) from the state where the deceased stockholder lived may also be required. The waiver should indicate the name of the deceased, the name of the security held and the amount of shares that it covers. It can be obtained from the State Department of Taxation and Revenue. Please refer to the State Inheritance Tax Waiver Requirements table to review the deceased stockholder's state requirements.

Mail all of the completed documents, along with your stock certificates (if applicable), to:

AT&T Inc.
c/o Computershare Trust Company, N.A.
P.O. Box 43078 
Providence, RI 02940-3078

For overnight deliveries, mail to:

AT&T Inc.
c/o Computershare Trust Company, N.A.
150 Royall St, Suite 101
Canton, MA 02021

When mailing stock certificates, we suggest that you send them by certified or registered mail and insure them for 1.5 percent of the current market value (minimum of $20), which is the approximate cost to replace the certificates if they are lost.

Current market value is the worth of shares of a given stock based on an average of the market prices reported on a specific trading day or days. Normally, this price is different from the purchase price.

Transferring Shares Into a Living Trust Registration

To transfer shares into a living trust, please follow these instructions:

1. Send in the outstanding shares you hold in certificated form together with a completed Transfer of Ownership form. If you are unable to locate all of your certificates, please contact Computershare immediately at 1 800 351-7221 so that they may begin replacement procedures.
2. Complete a Transfer of Ownership form. This document must be signed exactly as the name appears on the face of the certificate(s) or statement. The signature(s) must be Medallion-guaranteed by an institution such as a commercial bank, trust company, credit union or brokerage firm participating in a Medallion Program.
   1. Include the name of the trustee(s), the date of the trust, the name of the trust and the taxpayer identification number for the trust.
   2. Specify the number of certificated, investment plan or uncertificated shares that will be transferred to the trust(s).
   3. If you are transferring certificated shares and there are shares that are enrolled in the investment plan, please indicate whether you choose to have these shares also transferred to the new account.
3. Include a photocopy of the first and last page of the trust agreement.

In addition, please indicate in a letter whether the new account should be enrolled in the investment plan, if appropriate.

An original Inheritance Tax Waiver (or Consent to Transfer) from the state where the deceased stockholder lived may also be required. Please refer to the State Inheritance Tax Waiver Requirements table for more specific information.

Mail all of the completed documents, along with your stock certificates (if applicable), to:

AT&T Inc.
c/o Computershare Trust Company, N.A.
P.O. Box 43078 
Providence, RI 02940-3078

For overnight deliveries, mail to:

AT&T Inc.
c/o Computershare Trust Company, N.A.
150 Royall St, Suite 101
Canton, MA 02021

When mailing stock certificates, we suggest that you send them by certified or registered mail and insure them for 1.5 percent of the current market value (minimum of $20), which is the approximate cost to replace the certificates if they are lost.

Current market value is the worth of shares of a given stock based on an average of the market prices reported on a specific trading day or days. Normally, this price is different from the purchase price.